Wednesday, 8 December 2010

The Irish Budget: My letter to to-day's Independent.

Your report on Ireland's severity budget ("More misery for Ireland as brutal cuts revealed", 8 December) falls into the trap of describing the emergency €85 billion IMF / EU package as a bail-out of the Irish Republic. Surely everyone can see the package for what it is: a bail-out of the European institutions that recklessly invested in Ireland's property bubble. Far from rescuing Ireland the package has turned her people into indentured servants. Ireland must endure tax increases, social welfare cuts, reductions to vital public services so that European bond holders do not suffer losses on speculative investments. Only the debt saddled on Irish taxpayers is far too high to be paid off by the current generation, insitutional investors will eventually have to take a fair share of the losses if we are to avoid weighing future generations of Irish taxpayers down with this burden.

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Noel"s publications

'TOILETS GOING TO WASTE' London's public loos are being flushed away. Available by e-mail.

'PLASTIC NOT FANTASTIC' Why plastic bags are bad and what can be done about them. Available free by e-mail.

'KEEP OFF THE GRASS' A report on the loss of London's playing fields. Available free by e-mail.

WHERE HAVE LONDON’S LOCAL SHOPS GONE? A recipe for the revival of strong independent shops. Available free by e-mail

'100 BIZARRE AND UNUSUAL BUSINESSES' Available by e-mail @ £4.

'888 MONEYMAKING IDEAS' All are short reports, ranging from the mundane to the very bizarre. Available in hard copy @ £10 or by e-mail for £5. www.ways2makemoney.co.uk/

'HOW TO SET UP GREEN SECONDHAND SHOPS' Available @ £5.

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